Siemens Ltd. share price target

Siemens (SIEM) in its FY24 annual report emphasized its strategy to capitalize on the opportunity potential that exists in India from diverse sectors and industries, spurred by favorable government policies, a relatively sanguine macroeconomic situation, and the ongoing global energy transition while also acknowledging the transient hiccups in select segments.

We attended Siemens Innovation Day, where the company highlighted its key products and solutions that it has established for its customers.

SIEM: Robust quarter, fresh capex announced. DIXON: Backward integration to fuel growth; maintain BUY. VSTT: Tepid performance; no major stress in the medium term. SOMC: Strong show in a challenging environment

SIEM’s 2QFY24 result was ahead of our estimates, aided by a strong margin
performance and higher other income leading to a sharp beat on PAT. The
company reported revenue/PAT growth of 18%/70% YoY in 2QFY24.

Robust December quarter order flows and revenue, though margins contracted due to weakness in digital industries segment

SIEM: Positive outlook continues; Maintain BUY. Automobiles: Auto channel check steady demand outlook

SIEM ended FY23 on a strong note in terms of order inflows, backlog, revenues, profitability, and cash flows

Q4 revenue grew at robust 25% YoY with 100bps EBITDA margin expansion and 50% rise in PAT to Rs 5.7bn

SIEM: Strong quarter, positive outlook raise to BUY. IPO boom: An analysis. LTFO: Analyst meet takeaways: Eyeing market share gains

SIEM has identified three broad trends in India: high public spending on infrastructure, pent-up private capex and rising decarbonisation